The day book. (Chicago, Ill.) 1911-1917, January 02, 1912, Image 19

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

wmmmmmmmmsmmmmmFIRST DOLLAR BILL OF NEW CHINESE REPUBLICBt;"yM7l'?''''w o.',J,t:' ""''f'' jgfrOSung Man Yung, director of finance of the new revolutionary;government, said in an interview printed in the China Press: "Wehave three projects in hand for raising money. First, the revolutionary government at Shanghai will inaugurate a bank with acapital of $5,000,000. The proposed bank will issue $5,000,000 ofbank notes with securities, not mere, paper dollars. The government will make these notes legal tender in all business exchangesand transactions."Secondlv, the. revolutionary government will issue governmentbonds to the value of $10,000,000 ($5, $10, $50, $100). They will beredeemed in six years and the interest bearing upon these bonds willbe 12 per cent."Thirdly, money will be and as a matter of fact, has been, raisedby voluntary contributions. Already a great sum of money hasbeen realized as a result of the many energetic and sympathetic citizens of the coming republic of China."The dollar here shown made its appearance on Nov. 21.AAAiAMMAftMliiiAMftMMiiMiiil